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Did you Know?

New Studies have brought to light an interesting correlation between
insurance coverage and survival rates of individuals involved in a car
accidents or other traumatic injuries. It seems that those who have
insurance coverage are twice as likely to survive as those who have no
health coverage. The reasons have not been established, and Emergency
room doctors are bewildered as to how that could be since patients are
not asked about insurance during the triage stage of treatment. Some
speculate that there are higher chances that individuals who have health
coverage are two times less likely to have underlying health issues that
would contribute to possible complications in the event of a major
injury than those who have no health coverage, and so may wait longer to
go to the hospital when sick.

Dental insurance

Dental insurance basically works the same way that health insurance
does. You pay a monthly premium in exchange for specified dental
benefits. These benefits normally include preventative services that
consist of regular check ups, cleanings, x rays, and any other
maintenance services. While cavity treatment, root canals and
extractions are performed routinely performed in the dentist's office,
they are not considered maintenance items and you usually pay a co-pay
for these services with most coverage plans. You may be able to find a
plan that has comprehensive dental coverage, but you will most likely
have to pay a higher premium, as well as a higher co payment at time of
service. As you can see, you need to decide what you need to address
your unique dental insurance needs are.

Here at S-Health Insurance, we can help you discover the best solution
for your unique insurance needs.

Contract us for more information

Family Insurance

Also known as Individual health insurance, family health insurance is a
type of health insurance police that places you, your spouse and you
children on the same policy, even though this is classified as an
individual plan. These are the types of policies most frequently
purchased when your employer does not offer health insurance benefits to
their employees. This is also what you would want to purchase if you are
unemployed, a student or self employed, or an individual under 65 years
of age After 65 they are eligible for Medicare ans Medicare Supplemental
Insurance, and have to give up their individual medical insurance
coverage.

Group Insurance

As an employer, you should know that to draw the best employees to your
company, you need to offer the best employment package. Recent research
has shown that the item most often listed as a requirement to accept an
employment offer is health insurance. Did you know that this could also
be a way for you to get your own health insurance at a cheaper rate?
These are not the only reasons to consider group health insurance. You
can also get a tax break. It is also possible that your employees may
get a reduction in payroll taxes if they pay their insurance premium
with pre- tax earnings. Group health insurance policies are usually
categorized as either managed care or traditional indemnity plans (AKA -
fee-for service , FFS or traditional indemnity). The major difference
between both of these insurance types lies in the freedom of choice of
providers and hospitals vs out of pocket expense. If you go with an
indemnity plan, you will have more control over which doctor you see and
what hospital you go to, and with a managed care plan, your out of
pocket expense is considerably less than it is with the indemnity plan.

International

There are a few different international policy types available to you to
meet your needs. We will look at two of these. Working and living
overseas, and traveling and studying abroad.

International Traveling and Studies

Whenever you embark on an international trip, there are always risks.
One of those risks includes the possibility of becoming ill enough to
need the services of a physician, or requiring a stay in a hospital.
From food poisoning to having a heart attack, the need for medical
attention while abroad can cause serious financial difficulties. You can
narrow down what things you need to worry about by purchasing
international health insurance, and we can help with that. You can
choose length of the policy, the deductible, and limits of your policy.
With the right international health insurance policy, you can get
services and benefits tailored specifically for your traveling needs at
the price you can afford. Sports trips, vacations, business travel, or
education abroad are ideal examples of reasons when you might need
international health insurance.

Working and Living Internationally

United States health insurance might not be the coverage you need if you
are working and/or living over seas. Traditional medical coverage may
not be accepted by the hospitals where you are stationed or working.
Examples of why international health insurance could be needed include:
long term vacations, educational research (particularly post graduate
students), Long term corporate travel, sabbaticals, missionaries, or
overseas postings.

Long Term Care

This kind of policy consists of a number of services to meet the needs
of individuals with a disability or chronic illness who are unable to
care for themselves for extended periods of time. For individuals
requiring non-skilled and custodial care such as assistance with the day
to day tasks of getting dressed, bathing, cooking cleaning and using the
bathroom, long term care is a common need. Long term care may be needed
by individuals of any age, although it is most commonly needed by the
elderly. It has been estimated that approximately twelve million women
and men in the United Stated over the age of 65 will need long term care
by 2015. In light of current trends, most of the senior population will
be cared for at home. Seventy percent of the sole caregivers for the
elderly are family and friends, and four out of every ten individuals
that reach the age of sixty-five will need the services of managed care;
either in home care by a nurse, or a nursing home, and ten percent of
those will stay five or more years in this type of a care facility. In
addition to these disturbing facts a study conducted by AARP discovered
that the majority of americans underestimate the costs of long term care
and overestimate how much Medicare will pay. Have you saved enough to
pay for Long Term Care?

Atlanta, GANursing Home: $42,121Home Care: $21,970

Chicago, ILNursing Home: $45,286Home Care: $24,531

Colorado Springs, CONursing Home: $44,640Home Care: $29,081

Houston, TXNursing Home: $33,179 Home Care: $25,350

Manhattan, NYNursing Home: $98,185Home Care: $19,396

San Diego, CAHome Care: $23,114Nursing Home: $49,538

Seattle, WANursing Home: $61,714Home Care: $29,315

Washington, DCNursing Home: $70,518Home Care: $21,190

These figures will go up with inflation. With the right insurance
coverage, You can be prepared to meet these rising costs.

Major Medical Insurance

This type of policy is usually bought to supplement a basic health
insurance policy. These typically have large deductibles and low monthly
premiums and only cover major medical and hospital expenses. This leaves
you to pay out of pocket for all else, like office visits, prescription
drugs, and other preventative care. This kind of insurance is usually
purchased by individuals in their twenties, and older individuals aged
fifty to sixty-five. With the younger group, this insurance is purchased
because the individual cannot get coverage through their work or they
are self employed. The older group purchases this insurance because they
are too young for Medicare and concerned that they may suffer a serious
financial loss due to a critical illness. Inexpensive insurance can be
found in the internet. The costs of insurance can vary widely through
this medium, so be sure to research your subject thoroughly. It is best
to work with a company who deals with multiple carriers as they are in a
better position to find good deals.

Here are some questions you should ask when looking at any policy to
insure that you get the one that is right for you:

Are you prone to illnesses?

Do you have a pre-existing condition?

How much does the monthly premium cost?

How big is the deductible?

Can I afford the deductible?

Is there a lifetime annual maximum, and how much is it?

Are you pregnant or plan to be?

Are your doctor's visits affordable for you?

How extensive does your coverage need to be?

Definitions of some common insurance types:

Family Health Insurance – This kind of policy is also known as
Individual insurance. This is available to anyone not covered by their
employer.

Health Maintenance Organization (HMO) – These tend to offer very
comprehensive insurance at the lowest price to the consumer. The trade
off is when you go to the doctor that participates with that plan, you
will require referrals from that doctor for any specialty work that need
to be done.

Health Savings Accounts (HSA) – There are savings accounts that
you put a lump sum into with pre tax dollars and then use these funds to
cover deductibles, copays and specified eligible items such as over the
counter pain relievers, diapers, diaper rash ointments, band aids, etc.

Indemnity Health Insurance – You can use any physician or
hospital you choose to with this plan. Normally you pay up front for any
services provided and then file for reimbursement from insurance
carrier. These policies are not offered by very many carriers due to
their archaic nature.

Point of Service plans (POS) – Tend to be among the more
expensive options for Insurance because they provide the services of
both health maintenance, and prevention. Employers are not providing
this coverage as is it is too expensive for them to purchase it, have
simply dropped it.